Jeremy Allaire, Co-Founder & CEO of payments company Circle spoke this morning of an unprecedented “crypto-revolution,” saying that global society is “at the beginning of a tokenization of everything.”
Just as the early internet transformed data and communications, blockchain is now poised to revolutionize “every aspect of finance” and “reinvent public and civil services in [its] image”:
“Once you have an open global immutable record-keeping system, [a] transaction-processing system and [a] secure computing environment, you can re-conceptualize on a global basis every aspect of finance… corporate and commercial law, the intermediation of contracts, [and] crucially all of the systems we use in [both corporate and civic] decision making.”
The CEO outlined a vision of a tokenized global economy and society, in which “every form of value storage and public record becomes a crypto-token” that has free-floating market value and can be traded on global digital exchanges.
With crypto-assets, he said, you can “tokenize your house, car or art,” and establish open global financial relationships around any physical property.
The “tokenization of private or
Read the full article at https://cointelegraph.com/news/circle-ceo-at-moneyconf-dublin-we-are-at-the-beginning-of-tokenization-of-everything